The differences between managerial accounting and financial accounting can be distinguished through 5 aspects: a) Primary Users of Reports In managerial accounting‚ the information will be use within the organization‚ by the employees and managers‚ where else in financial accounting‚ the information in the reports will be used by external parties such as banks‚ creditors and shareholders. b) Types and frequency of the reports. In managerial accounting‚ the information is reported continuously
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DQ 6.1‚ 6.2‚ 6.12‚ 6.13‚ 7.1 P6.9‚ P6.11‚ p7.7‚ P7.9 * 6.1 balance sheet income statement statement of cash flow * 6.2 to disclose the information about the company that may effect future decisions‚ but is not necessarily included in financial statements 6.12 asset must be from a past transaction must have future economic benefit control by the entity 6.13 must have a present obligation obligation involves economic cost in the future * * 7.1 no measurement of environmental
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Financial Accounting 2 Quiz 15-03008FA Name: ____________________________________________ Course & Section: __________________ General Direction: Write your answer on a separate yellow paper. Pass the test paper and answer sheet after completing the exam. Part 1 – Theories – Multiple Choice. 1. Transaction whereby a debtor and creditor may negotiate the terms of a financial liability with the result that the liability is fully or partially extinguished by the debtor issuing equity instruments
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Gaps in the current research literature The subject of violence against women and their decision to stay in an abusive relationship is an important issue in eradicating the problem. Many studies in the U.S. show a good theoretical view of the problem concerning abused women and subsequent factors in the woman’s decision to stay in the abusive relationship (Long‚ 1994; Roberts‚ 1995). Unfortunately research is lacking on the research in the decision for African American women to stay in abusive relationship
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all about investing money so you can get customers to know about your product and then buy it. After that there is place. Place is when your products will be offered‚ there location. A company wants there product in the right stores so people can see it and buy it. An example of this is selling cereal. You would rather have a big supermarket have you product then a little deli. A supermarket will sell more of your product. The problem with the four P’s is that this is all about the producer’s point
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UVA-C-2332 Rev. Oct. 17‚ 2012 RATIOS TELL A STORY—2011 Financial results and conditions vary among companies for a number of reasons. One reason for the variation can be traced to the characteristics of the industries in which companies operate. For example‚ some industries require large investments in property‚ plant‚ and equipment (PP&E)‚ while others require very little. In some industries‚ the competitive productpricing structure permits companies to earn significant profits per sales
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Answer to Assignment 1 1. “internal consistency” of accounting standards is Any entity intends to create its own standard must in accordance with the existing system of standard 2. In order to achieve “internal consistency”‚ the necessary factors are as follow: a) Any entity intends to create its own standard must in accordance with the existing system of standard b) Developing standards are correspondence with the same conceptual framework. It is necessary to establish an accounting
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Associate Level Material Appendix A Final Project Overview and Timeline Final Project Overview Your final project provides you with the opportunity to apply formal analysis and evaluation skills developed in past weeks. In addition‚ you engage in research regarding iconography or symbolism. Researching your theme and selecting works builds appreciation for art and critical thinking skills. The format for each of your 10 selected works of art in your final project must be the following:
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planning process. See also PEST analysis‚ which measures a business’s market and potential according to external factors; Political‚ Economic‚ Social and Technological. It is often helpful to complete a PEST analysis prior to a SWOT analysis. In other situations it may be more useful to complete a PEST analysis as part of‚ or after‚ a SWOT analysis. See also Porter’s Five Forces model‚ which is used to analyse competitive position. Please note: If you use SWOT Analysis as a 2x2 matrix method ‚ then technically
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rules. Under the Sarbanes-Oxley Act‚ a public company must hire an external audit team to review their accounting procedures and their financial statements. While internal auditor checks the organizations internal control systems‚ their effectiveness and the business processes‚ the external auditor checks the financial statement of the business. Molex hire external auditors to look at their financial states and to receive an objective assessment. It is possible that Internal auditor might present a
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